3iq Coinshares Ether Etf Price on February 16, 2024
| ETHQ Etf | CAD 19.85 0.20 1.02% |
If you're considering investing in 3iQ Etf, it is important to understand the factors that can impact its price. As of today, the current price of 3iQ CoinShares stands at 19.85, as last reported on the 2nd of December, with the highest price reaching 20.16 and the lowest price hitting 19.73 during the day. 3iQ CoinShares appears to be not too volatile, given 3 months investment horizon. 3iQ CoinShares Ether secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. By analyzing 3iQ CoinShares' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of 3iQ CoinShares' Mean Deviation of 3.15, risk adjusted performance of 0.1334, and Downside Deviation of 3.14 to double-check if our risk estimates are consistent with your expectations.
3iQ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3iQ |
Sharpe Ratio = 0.1733
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Estimated Market Risk
| 4.23 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average 3iQ CoinShares is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 3iQ CoinShares by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
3iQ CoinShares Valuation on February 16, 2024
It is possible to determine the worth of 3iQ CoinShares on a given historical date. On February 16, 2024 3iQ was worth 15.0 at the beginning of the trading date compared to the closed value of 14.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 3iQ CoinShares etf. Still, in general, we apply an absolute valuation method to find 3iQ CoinShares' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 3iQ CoinShares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 3iQ CoinShares' related companies.
| Open | High | Low | Close | Volume | |
| 15.11 | 15.27 | 15.00 | 15.12 | 15,600 | |
02/16/2024 | 15.00 | 15.00 | 14.75 | 14.83 | 11,300 |
| 15.81 | 15.90 | 15.45 | 15.89 | 18,218 |
| Backtest 3iQ CoinShares | | | 3iQ CoinShares History | | | 3iQ CoinShares Valuation | Previous | Next |
3iQ CoinShares Trading Date Momentum on February 16, 2024
| On February 20 2024 3iQ CoinShares Ether was traded for 15.89 at the closing time. The highest price during the trading period was 15.90 and the lowest recorded bid was listed for 15.45 . The volume for the day was 18.2 K. This history from February 20, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 7.15% . The daily price change to the current price is 10.72% . |
3iQ CoinShares Ether Fundamentals Correlations and Trends
By evaluating 3iQ CoinShares' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 3iQ CoinShares' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 3iQ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 3iQ CoinShares Etf history
3iQ CoinShares investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 3iQ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 3iQ CoinShares Ether will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 3iQ CoinShares stock prices may prove useful in developing a viable investing in 3iQ CoinShares
3iQ CoinShares Etf Technical Analysis
3iQ CoinShares technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
3iQ CoinShares Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
3iQ CoinShares Ether cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
3iQ CoinShares December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how 3iQ CoinShares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3iQ CoinShares shares will generate the highest return on investment. By undertsting and applying 3iQ CoinShares etf market strength indicators, traders can identify 3iQ CoinShares Ether entry and exit signals to maximize returns
3iQ CoinShares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 3iQ CoinShares' price direction in advance. Along with the technical and fundamental analysis of 3iQ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 3iQ to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1334 | |||
| Jensen Alpha | 0.3915 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1744 | |||
| Treynor Ratio | 0.3037 |
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Other Information on Investing in 3iQ Etf
3iQ CoinShares financial ratios help investors to determine whether 3iQ Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 3iQ with respect to the benefits of owning 3iQ CoinShares security.